Hippiekinkster
Posts: 5512
Joined: 11/20/2007 From: Liechtenstein Status: offline
|
quote:
ORIGINAL: Archer Hippie I know the reserves proven in ANWAR are not large. I could google the barrel count but I find it tedious and counter productive. Enough to make it profitable and reduce some of the importation needed to make ends meet. If you focus on the first part and ignore the second then we can't get anywhere. The carrot is ANWAR and off shore, the stick is alternative energy investment. The real trick is in the "MUST INVEST EQUAL dollars in ..." Oh, I understand the stick, and, on the face of it, seems to be a very good idea. Other than the fact that ANWR has only about 300 days worth of the US' total energy needs, don't you think it wise to keep some of these fields in reserve for REAL emergencies, rather than powering SUVs so Sally Suburban can pick her kid up after school, go home, go out for a DVD, go home, go to Mellow Mushroom for a Pizza, go home, and so on et cetera and la-de-da? An almost UNIVERSAL error I see those who have no knowledge of the E&P side of the Awl Bidniz make is that crude doesn't magically appear wherever one spuds a well. It has to be ther first. Try and notice, next few threads that come up that talk about drilling, how many make this fundamental error. I saw someone on b.cum who claimed to be an energy analyst on Wall St. talk about the new Petrobras discovery off the coast of Brazil. Not only did he assume that all the theoretical oil could be recovered, he figured it could be done with today's deepwater technology and, (a variation on the aforementioned error) he asserted that to find more oil, all one had to do is go out farther. Some where here FatDomDaddy repeated the Right-wing line that there are hundreds of years worth of crude on Earth. Funny how they can never back their assertions. (He did that on B.con, too) Granted, I've been out of the Awl Bidniz for some time, but I keep in touch with some of my old co-worker bees. I'm not completely ignorant of E&P.
< Message edited by Hippiekinkster -- 5/5/2008 11:17:02 PM >
|